Conmen siphon off Rs 2.7 crore from top executive
TNN | Updated: Dec 15, 2018, 07:14 IST
Representative imageBENGALURU: A 54-year-old top executive of a city-based firm has filed a complaint with the cybercrime wing of the Criminal Investigation Department, accusing unidentified people of cheating him of $3,75,000 (around Rs 2.7 crore).
Complainant Ramesh Ramachandran is the chief financial officer of TMEIC Industrial System, Ulsoor, which specialises in providing technology, products and automation solutions for industries worldwide. “We have clients across the world and all the cash transactions are done online,” he told police.
In the last week of October this year, Ramachandran received an email from a Swedish company and he transferred the money in many instalments in November.
“The email made it clear that their bank accounts have been changed and all transactions in the future should be done with the account — Handles Bank IBAN-SE97600000000555087891 — with its address, Blasieholmstorg, 11, Stockholm, Sweden. Believing the email was from our business partner, we made several cash transactions, totalling to $3,75,000,” he said.
Ramachandran realised he was cheated when the business partner contacted him in December first week, asking him why the payment for November wasn’t made. “Someone who knew about our business transactions could have done it,” he told police.
Complainant Ramesh Ramachandran is the chief financial officer of TMEIC Industrial System, Ulsoor, which specialises in providing technology, products and automation solutions for industries worldwide. “We have clients across the world and all the cash transactions are done online,” he told police.
In the last week of October this year, Ramachandran received an email from a Swedish company and he transferred the money in many instalments in November.
“The email made it clear that their bank accounts have been changed and all transactions in the future should be done with the account — Handles Bank IBAN-SE97600000000555087891 — with its address, Blasieholmstorg, 11, Stockholm, Sweden. Believing the email was from our business partner, we made several cash transactions, totalling to $3,75,000,” he said.
Ramachandran realised he was cheated when the business partner contacted him in December first week, asking him why the payment for November wasn’t made. “Someone who knew about our business transactions could have done it,” he told police.
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